Forbes (2024-11-04)
“Saudi Arabia’s investments in green hydrogen production will contribute significantly to scaling the wider market, with the Kingdom expected to produce the majority of the Middle East’s forecast 2.4 million tons of green hydrogen by 2027,” Daniel Burge, research analyst at global technology intelligence firm ABI Research, told me in an interview.
With the region — North Africa excluded — expected to contribute nearly 14% of the global green hydrogen supply by 2035, he says the Saudis will play a leading role. The plants built now will be the first to benefit from reductions in electrolyzer costs and improvements in efficiency and scale. If NEOM reaches its potential, “the Kingdom could be a major driver of the early clean hydrogen ecosystem.”
Moreover, Burge says green hydrogen offers Saudi Arabia an uncommon opportunity— to help the globe transition to clean energy.
“If planned large-scale electrolysis facilities are commissioned on schedule and connected to vast solar arrays, the Saudi green hydrogen industry will have all the components necessary to capitalize on a significant comparative advantage,” Burge added.
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